Top Fiat-backed Stablecoins by Market Capitalization

Fiat-backed stablecoins are digital assets directly pegged 1:1 to the value of a specific government-issued currency, such as the US Dollar. Issuing entities maintain reserves of actual fiat currency or equivalent liquid assets to back the tokens in circulation. This collateralized structure ensures high liquidity and stability, making them a cornerstone of crypto trading.

Coin

Price

Last 7 Days

Action

Tether

USDT

$ 0.999208

0.00%

-0.07%

$ 184.11B

$ 39.73B

USDCoin

USDC

$ 1.00081

0.00%

+0.01%

+0.07%

$ 73.01B

$ 89.16M

Sky Dollar

USDS

$ 1.0009

+0.01%

+0.11%

+0.10%

$ 10.16B

$ 53.05K

Ethena USDe

USDE

$ 1.0006

0.00%

+0.06%

$ 4.79B

$ 447.06K

Global Dollar

USDG

$ 0.999871

0.00%

-0.01%

$ 3.14B

$ 301.96M

PayPal USD

PYUSD

$ 0.999718

0.00%

-0.03%

$ 2.90B

$ 56.60M

Ripple USD

RLUSD

$ 1.0

0.00%

$ 2.45B

$ 97.32M

Open USD

OUSD

$ 0.99859

+0.01%

0.00%

-0.11%

$ 788.12M

$ 285.93K

GHO

$ 0.998444

0.00%

-0.10%

$ 697.91M

$ 2.92M

Usual USD

USD0

$ 0.998094

0.00%

-0.06%

$ 541.95M

$ 1.90K

TrueUSD

TUSD

$ 1.0001

0.00%

+0.05%

+0.03%

$ 494.56M

$ 1.26M

USDtb

USDTB

$ 0.999179

0.00%

-0.07%

$ 470.26M

$ 221.62K

A7A5

$ 0.01142478

0.00%

-0.02%

-1.61%

$ 448.30M

$ 3.64K

First Digital USD

FDUSD

$ 0.9978

-0.02%

-0.04%

-0.15%

$ 324.20M

$ 73.25K

crvUSD

CRVUSD

$ 0.999411

+0.01%

0.00%

-0.06%

$ 211.50M

$ 10.32M

EUR CoinVertible

EURCV

$ 1.12

0.00%

$ 187.77M

$ 12.12M

AUSD

$ 0.999047

-0.02%

0.00%

-0.07%

$ 175.14M

$ 11.36M

JPY Coin

JPYC

$ 0.00628413

0.00%

+0.00%

0.00%

$ 133.76M

$ 298.90K

Frax USD

FRXUSD

$ 0.999798

0.00%

-0.01%

$ 105.62M

$ 4.38M

USDsui

USDSUI

$ 0.999834

+0.05%

+0.00%

-0.02%

$ 80.02M

$ 2.45M

Cygnus Finance Global USD

CGUSD

$ 0.991866

0.00%

-0.04%

$ 75.64M

$ 19.83

Crown BRLV

BRLV

$ 0.199801

0.00%

+4.75%

$ 73.72M

$ 1.54K

DOLA

$ 0.9974

0.00%

+0.01%

$ 70.26M

$ 1.70M

Royal Euro

REUR

$ 4.13

0.00%

$ 62.01M

$ 19.80M

Brazilian Digital

BRZ

$ 0.197382

-0.09%

+0.00%

+4.18%

$ 53.84M

$ 92.06K

XUSD

$ 1.0008

+0.01%

0.00%

$ 46.17M

$ 55.21K

AllUnity CHF

CHFAU

$ 1.2

0.00%

$ 41.98M

$ 152.85

Frax Staked frxUSD

SFRXUSD

$ 1.21

0.00%

$ 37.59M

$ 128.31K

Gemini Dollar

GUSD

$ 0.998876

-0.06%

0.00%

-0.06%

$ 36.20M

$ 549.38K

MetaMask USD

MUSD

$ 0.999164

0.00%

-0.07%

$ 36.13M

$ 10.00M

Aegis YUSD

YUSD

$ 0.999056

-0.02%

0.00%

-0.04%

$ 34.43M

$ 12.32K

BUSD

$ 0.996907

-0.09%

-0.00%

-0.09%

$ 34.31M

$ 897.08

Monerium EUR emoney

EURE

$ 1.12

0.00%

-0.00%

0.00%

$ 32.88M

$ 666.53K

TerraClassicUSD

USTC

$ 0.005432

+0.09%

+1.92%

-6.91%

$ 30.27M

$ 10.91M

FRAX

$ 0.3185

+0.54%

+6.33%

+6.65%

$ 28.01M

$ 332.88K

Tokenised GBP

TGBP

$ 1.32

0.00%

$ 26.46M

$ 57.36K

Liquity USD

LUSD

$ 1.005

0.00%

+0.30%

$ 26.23M

$ 5.29K

USDP

$ 0.997

0.00%

+0.01%

+0.02%

$ 25.01M

$ 8.72K

Hex Trust USD

USDX

$ 1.019

0.00%

+2.51%

$ 23.45M

$ 97.11

Electronic USD

EUSD

$ 0.99687

0.00%

-0.05%

$ 23.18M

$ 756.21K

Mento Dollar

USDM

$ 1.002

+0.10%

+0.01%

+0.23%

$ 13.59M

$ 64.29K

USDM

$ 0.998414

+0.13%

+0.01%

-0.12%

$ 13.56M

$ 60.16K

XSGD

$ 0.781634

-0.03%

+0.00%

0.00%

$ 13.02M

$ 307.99K

USD CoinVertible

USDCV

$ 0.994176

0.00%

-0.00%

-0.51%

$ 12.47M

$ 236.82

Stable Mint USD

USDSM

$ 0.999541

0.00%

-0.74%

$ 12.38M

$ 324.69

MAI

MIMATIC

$ 0.995231

+0.01%

0.00%

-0.09%

$ 11.81M

$ 3.96K

YUSD Stablecoin

YUSD

$ 0.996627

0.00%

+0.00%

+0.01%

$ 11.80M

$ 10.03

Stable Coin

SBC

$ 0.999142

0.00%

-0.05%

$ 11.33M

$ 4.95

USDB

$ 0.98801

-0.03%

-0.00%

-0.21%

$ 10.27M

$ 26.82K

Alchemix USD

ALUSD

$ 0.956965

+0.02%

+0.01%

+0.05%

$ 10.02M

$ 196.20K

Frequently Asked Questions

What exactly are fiat-backed stablecoins?

Fiat-backed stablecoins are digital tokens strictly pegged to the value of a specific government-issued currency, such as the US dollar. The issuing company holds an equivalent amount of physical fiat money in reserve to back the stablecoin supply.

How do fiat-backed stablecoins differ from algorithmic stablecoins?

Fiat-backed stablecoins rely on physical bank reserves to guarantee a direct 1:1 redemption value. Algorithmic stablecoins do not use fiat reserves, relying instead on complex code and market arbitrage incentives to dynamically balance token supply.

Why is reserve transparency critical for fiat-backed stablecoins?

Reserve transparency and independent auditing prove that the issuer actually holds the physical fiat backing every circulating stablecoin, which is vital for maintaining user trust and preventing liquidity crises.

Can fiat-backed stablecoins face regulatory actions or account freezes?

Yes. Because fiat-backed stablecoins interface with traditional banking systems, fiat-backed stablecoins are highly susceptible to government regulations, and issuing entities can blacklist or freeze specific stablecoin addresses.

Disclaimer

The inclusion of digital assets in the Fiat-backed Stablecoin sector, along with the classification rules and market data, are sourced from independent third parties. Listing a token in this category does not constitute an endorsement, guarantee, or investment recommendation by MEXC. All content is for informational purposes only. Cryptocurrency prices are subject to market fluctuations; please conduct your own research (DYOR) and trade cautiously.

Top Fiat-backed Stablecoins by Market Capitalization

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